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3) Self KO clause is in effect. If you KO your opponent through Destiny Bond, Explosion, Brave Bird or whatever and then faint yourself, you lose.

So, the real question is "what are the chances of life orb OHKOing?"
81-89% health, it's fine. With 90-96% health, it faints. So, a range of 9% for winning, and the last 7% means it loses. I'd say those mean that it's chance of fainting is well over 70%.